NEW YORK, Jan. 15, 2019 /PRNewswire/ -- S&P MidCap
400 constituent Teleflex Inc. (NYSE: TFX) will replace PG&E
Corp. (NYSE: PCG) in the S&P 500, S&P SmallCap 600
constituent Green Dot Corp. (NYSE: GDOT) will replace Teleflex in
the S&P MidCap 400, and Mercer International Inc. (NASD: MERC)
will replace Green Dot in the S&P SmallCap 600 prior to the
open of trading on Friday, January
18. PG&E intends to file for reorganization under
Chapter 11 of the U.S. Bankruptcy Code on or about January 29, 2019 and is no longer eligible for
continued inclusion in the S&P 500.
Teleflex designs, develops, manufactures, and supplies
single-use medical devices for common diagnostic and therapeutic
procedures in critical care and surgical applications.
Headquartered in Wayne, PA, the
company will be added to the S&P 500 (Global Industry
Classification Standard) GICS Health Care Equipment Sub-Industry
index.
Green Dot provides personal banking. Headquartered in
Pasadena, CA, the company will be
added to the S&P MidCap 400 GICS Consumer Finance Sub-Industry
index.
Mercer International manufactures and sells northern bleached
softwood Kraft (NBSK) pulp. Headquartered in Vancouver, Canada, the company will be added
to the S&P SmallCap 600 GICS Paper Products Sub-Industry
index.
Following is a summary of the changes:
S&P 500 INDEX
– January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Teleflex
|
Health
Care
|
Health Care
Equipment
|
DELETED
|
PG&E
|
Utilities
|
Electric
Utilities
|
S&P MIDCAP 400
INDEX – January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Green Dot
|
Financials
|
Consumer
Finance
|
DELETED
|
Teleflex
|
Health
Care
|
Health Care
Equipment
|
S&P SMALLCAP
600 INDEX – January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Mercer
International
|
Materials
|
Paper
Products
|
DELETED
|
Green Dot
|
Financials
|
Consumer
Finance
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
ABOUT S&P DOW JONES
INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has become home to over 1,000,000
indices across the spectrum of asset classes that have helped
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji_communications@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/teleflex-set-to-join-sp-500-green-dot-to-join-sp-midcap-400-mercer-international-to-join-sp-smallcap-600-300778992.html
SOURCE S&P Dow Jones Indices